__________ of a general partnership occurs when all the affairs are wound up and the partners' authority to act for the partnership is completely extinguished.
A) Dissolution
B) Termination
C) Winding up
D) Staged end

Question

Quizplus · Accepted Answer

Termination of a general partnership refers to the final step in ending the partnership, where all affairs are concluded and the partners no longer have authority to act on behalf of the partnership. Dissolution and winding up are steps leading to termination, but termination is the final act that extinguishes the partnership's existence and the partners' authority.

__________ of a General Partnership Occurs When All the Affairs